2016 Financial Condition Report

For Fiscal Year Ended March 31, 2016

2016 Financial Condition Report

For Fiscal Year Ended March 31, 2016

Message from the Comptroller

I am pleased to present the State of New York’s Financial Condition Report for the fiscal year ended March 31, 2016.

After closing deep projected budget gaps just a few years ago, New York State’s short-term financial condition has improved. The State’s General Fund ended SFY 2015-16 with an exceptionally large balance, which enhances budgetary flexibility in the near term and is expected to support increased capital investment and other purposes over multiple years.

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About this Report

This report provides citizens with an overview of the financial condition of New York State. It presents selected financial, economic, and demographic information in an easy-to-understand format.

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